An increase in the price level means that there is economic growth.

Name: An increase in the price level means that there is economic growth.
Brand: Quizplus
Rating: 4.8 (26 reviews)

Question

Quizplus · Accepted Answer

An increase in the price level does not necessarily indicate economic growth. In fact, it could be a sign of inflation, which can be detrimental to economic growth in the long run. High levels of inflation can lead to decreased consumer spending, reduced investment, and lower GDP growth.

An Increase in the Price Level Means That There Is